SGB Update Outdoor
Wolff E-Bikes Adds U.S. Sales Team
Canada’s Wolff E-Bikes recently hired Mike Russell and Wayne Mansfield to head up its U.S. sales team and to service the company’s 80 U.S. retailers within its 130-store fleet.
Costco U.S. Non-Fuel Comp Store Sales Up 1.7 Percent In May; E-commerce Falls
Costco Wholesale Corporation reported net sales of $18.45 billion for the retail month of May, the four weeks ended May 28, 2023, an increase of 1.2 percent from $18.23 billion last year.
Zumiez Logs Q1 Loss As Sales Decline 17 Percent
Zumiez Inc. reported a loss in the first quarter ended April 29 as sales declined 17 percent. Results were in line with guidance with the weakness blamed on weak demand and the promotional environment. For the current quarter, another loss is expected on a sales decline of about 14 percent.
Alterra Mountain Company To Acquire Schweitzer In Idaho
Alterra Mountain Company reported it entered into an agreement to purchase Idaho’s Schweitzer, expanding its portfolio in the Pacific Northwest by joining Crystal Mountain in Washington.
SylvanSport Expands Team With New Hires
SylvanSport added five new hires to expand its marketing, customer support and engineering teams.
Primus And Silva To Operate As New Primus-Silva Sweden AB Entity
Swedish cooking equipment brand Primus officially moved into the Silva family of brands under the newly created Primus-Silva Sweden AB company.
Fox Racing Opens Store In Bentonville
Fox Racing opened a store in Bentonville, AR, on May 26, near Slaughter Pen Trails or Coler Mountain Bike Park, marking its ninth store.
Survey: Americans Looking To Outdoors And Road Trips In 2023
As Americans make summer travel and recreation plans, they are increasingly looking to the outdoors and road trips to improve mental well-being and to combat the rising costs of flights, lodging and car rentals according to a new consumer survey from Winnebago Industries, Inc.
Electric RV Company Lightship To Open Manufacturing Facility In Broomfield, CO
Lightship, the electric RV company, reportedly signed a lease agreement on a 32,000-square-foot space in Broomfield, CO, to house its pilot manufacturing operations for the Lightship L1, an aerodynamic, solar and battery-powered travel trailer, following its launch in March.
Under Armour Founder Sells $100 Million Stake To Merchant Bank Affiliate
Under Armour, Inc. reported that company Founder, Executive Chair and Brand Chief Kevin Plank slightly reduced his stake in the company, selling shares valued at approximately $100 million to funds managed by BDT Capital Partners. Plank said the sale is related to personal financing commitments.
Marolina Outdoor Adds VP Marketing For HUK And Nomad
Marolina Outdoor, Inc. the parent company of Huk Performance Fishing and Nomad Outdoor, tapped Joe Becker as the new VP of marketing for both brands.
Patagonia Sues Nordstrom Over Counterfeits
Patagonia filed a trademark infringement lawsuit in California against Nordstrom, accusing the company’s Nordstrom Rack chain is selling “thousands” of “obvious counterfeits” after their partnership ended and then refusing a recall on the products.
Lands’ End Narrows Q1 Loss On Sales Lift From Swim; Adds Key SVPs
Lands’ End, Inc. reported fiscal-first quarter net revenue increased 1.9 percent to $309.6 million. Net loss was $1.7 million, or a 5 cents loss per diluted share, in the quarter.
Bass Pro’s Parent’s Debt Ratings Upgraded By S&P
S&P Global Ratings raised its debt ratings on Great Outdoors Group, LLC due to the parent of Bass Pro and Cabela’s “consistent improvements in its sales and profitability” and improving debt leverage.
Duluth Trading Ekes Out Q1 Sales Increase As DTC Offsets Light Store Traffic
Duluth Trading Company reported fiscal first quarter net sales increased 0.7 percent to $123.8 million. Direct-to-consumer net sales increased 2.3 percent while Retail store net sales decreased 2.1 percent in the period.
